Exclusive: KLA to stop sales and service to China to comply with U.S. export curbs
U.S. chip toolmaker KLA Corp will cease offering some supplies and services from Wednesday to China-based customers including South Korea’s SK Hynix in compliance with recent U.S. regulations, a source familiar with the situation said on Tuesday.
Global bond funds see biggest outflows in two decades
Global bond funds saw the biggest outflows in two decades in the first three quarters of this year as hefty interest rate increases by central banks to tame inflation sparked fears of a recession.
Morning Bid: The 75bp club
Most of world’s major central banks are now going up a gear with historically sweeping interest rate rises to cool their economies and drag down inflation – and there are some signs it’s already working.
Stocks fall on rate hike bets, yen drops to 24-year low
European stock markets opened in the red on Wednesday after U.S. economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen.
Bank of Canada expected to push interest rates into restrictive territory
The Bank of Canada is widely expected to deliver yet another oversized interest rate hike next week, lifting its policy rate into restrictive territory for the first time in two decades, but bets are split on whether or not a pause will follow.
European shares drop as policymakers seek to tame hot inflation
European shares dropped on Monday, while bond yields surged as comments from central bank policymakers heightened fears of aggressive measures to stamp out inflation amid rising risks of a recession.
Russian gas cut to Europe hits economic hopes, Ukraine reports attacks on coastal regions
Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.
Google yet to sign up to Indonesia’s new licensing rules – ministry
Google was among the last remaining tech platforms yet to comply with Indonesia’s new licensing rules on Wednesday, ministry data showed, as a deadline loomed which may see their services temporarily blocked in the country.
Oil prices slip ahead of U.S. inventory data
Oil prices fell more than $1 a barrel on Wednesday, under pressure from global central bank efforts to limit inflation and ahead of expected builds in U.S. crude inventories as fuel demand weakens.
Foxconn India iPhone plant to reopen on Wednesday -legislator
Apple Inc (AAPL.O) supplier Foxconn (2317.TW) will reopen an iPhone manufacturing facility in southern India on Wednesday, government officials and a legislator in the region where the plant is located told Reuters.
